Wed, Mar 13, 2024
The Department of Financial Services (DFS), a division of the Finance Ministry has instructed all state-run banks last month to scrutinize their gold loan accounts granted after January 1, 2022.
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Wed, Jan 31, 2024
The finance ministry on January 30, notified the cut in duty on imports of components including screw, SIM socket, or other mechanical items of metal for cellular mobile phone.
Tue, Aug 22, 2023
In its Monthly Economic Review for July, the ministry said going forward, while domestic consumption and investment demand are expected to continue driving growth, enhanced provision for capital expenditure by the government in the current fiscal is now leading to crowding in of private investment.
Thu, May 11, 2017
He was briefed about the software system being developed for GST, training of tax officials and outreach program being undertaken by Tax Departments across the nation.
On March 21, the government had made the Aadhaar card mandatory to file for income tax returns and also to apply for a permanent account number (PAN).
Tue, May 09, 2017
Two weeks more for the Cabinet to go over the recommendations of the Committee on Allowances report on the 7th Pay Commission which was submitted last week.
Fri, Apr 28, 2017
The committee informed the Ministry that they have held a total of 15 meetings and was assisted by a Group of Officers headed by Additional Secretary (D/o Expenditure) in examining the representations.
Wed, Apr 26, 2017
Bibek Debroy, member of NITI Aayog on Tuesday had made a strong case for taxing agriculture income, an opinion contrary to the government's stated position, as reported by PTI.
Tue, Apr 25, 2017
According to the Ministry, the applicants can now submit their application online and upload scanned images of all the required documents.
Fri, Apr 21, 2017
On April 19, the Ministry had sent another notification which stated that it has extended the date of making deposit under the Deposit Scheme upto 30th April, 2017
Sun, Apr 16, 2017
In the Budget 2017-18 speech on February 1, Finance Minister Arun Jaitley announced capital infusion of Rs 10,000 crore for the current fiscal.
PMJDY was launched in August 2014 to increase banking penetration and promote financial inclusion in the country.
According to EPFO estimates, the fund will see a surplus after providing 8.65% interest rate for the last fiscal.
Wed, Apr 12, 2017
The Inter-Governmental Agreement (IGA) between India and USA was expected to come into force on August 31, 2015.
Tue, Apr 11, 2017
From now, the newly incorporated corporates will be able to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in just one day.
Fri, Apr 07, 2017
The Ministry in a release mentioned that the three year period witnessed "unprecedented enforcement actions in direct & indirect taxes."
Wed, Apr 05, 2017
The government announced on Wednesday that citizens have to mandatorily quote Aadhaar numbers while applying for PAN numbers and filing for their IncomeTax returns starting from July 1 this year.
As per the Ministry, the fund aims to leverage private sector investment from the City of London to invest in green infrastructure projects in India.
Tue, Apr 04, 2017
The Indian government in partnership with the UK government on Tuesday has announced to raise 500 million pounds (nearly Rs 4,063 crore) to finance India's energy sector projects.
The ministry said, "As against the Revised Estimate, the provisional figure of tax collection is Rs 17.10 lakh crore, which is a growth of around 18% compared to last."
Mon, Apr 03, 2017
Under the Section 10 (38), the income arising by way of a transfer of long term capital asset, being equity share in a company, shall be exempt from tax if such transfer is undertaken after 1st October, 2004.
The ITR-1 Form, also called Sahaj (meaning easy in Hindi), is the Income Tax Return Form for salaried individuals.
Fri, Mar 31, 2017
CBDT in one of the major reforms, notified the designing of one page ITR form to simplify the process of tax filing.
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